Cheverly, MD Cost Of Living
Cost Of Living In Cheverly, MD Summary
Cost of living in Cheverly research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cheverly is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cheverly is 124, with 100 being the average.
The cost of living index in Cheverly is 1.2x higher than the national average.
Cheverly ranks as the #105 cheapest in Maryland out of 188.
Cheverly ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Cheverly is $385,500.
The median income in Cheverly is $106,732.
Table Of Contents
Cheverly's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cheverly, MD?
According to the most recent data on the cost of living, Cheverly has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Maryland, Cheverly has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Cheverly ranks as #105 most affordable out of the 188 places we measured in Maryland. By definition, that implies Cheverly ranks as the #83 most expensive place in the Old Line State.
For more reading on life in Cheverly, check out:
- Living In Cheverly
- Cheverly Crime Report
- Search Homes For Sale In Cheverly, MD
In Maryland
In America
Cheverly Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Cheverly. Here is how it fairs on each of the criteria:
The Services index in Cheverly is 124.
The Groceries index in Cheverly is 118.
The Health index in Cheverly is 91.
The Housing index in Cheverly is 150.
The Transportation index in Cheverly is 104.
The Utilities index in Cheverly is 111.
| Living Expense | Cheverly | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 124 | 120 | 100 | |
| Services | 124 | 109 | 100 | |
| Groceries | 118 | 108 | 100 | |
| Health | 91 | 92 | 100 | |
| Housing | 150 | 156 | 100 | |
| Transportation | 104 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Cheverly, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cheverly is $385,500.
The Median Rent in Cheverly is $1,470.
The Median Income in Cheverly is $106,732.
The Home Value To Income in Cheverly is 3.6x.
The Rent To Monthly Income in Cheverly is 0.17x.
| Statistic | Cheverly | Maryland | United States |
|---|---|---|---|
| Median Home Value | $385,500 | $338,500 | $244,900 |
| Median Rent | $1,470 | $1,485 | $1,163 |
| Median Income | $106,732 | $91,431 | $69,021 |
| Home Value To Income | 3.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Cheverly, MD Costs By Category
Detailed Cheverly Services Costs Vs. Maryland
Detailed Cheverly Groceries Costs Vs. Maryland
Detailed Cheverly Health Costs Vs. Maryland
Detailed Cheverly Transportation Costs Vs. Maryland
Detailed Cheverly Utilities Costs Vs. Maryland
Cheverly SnackAbility
/10
Cost Of Living In Cities Around Cheverly
The cost of living varies in the cities and towns around Cheverly. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 1.2x Cheverly.
Landover, MD has a cost of living index of 112, 0.9x Cheverly.
North Laurel, MD has a cost of living index of 129, 1.0x Cheverly.
| City | Population | Cost Of Living | Vs. Cheverly |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 1.2x |
| Landover, MD | 24,508 | 112 | 0.9x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| East Riverdale, MD | 17,136 | 117 | 0.9x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
| Chevy Chase, MD | 9,889 | 204 | 1.6x |
| Bladensburg, MD | 9,591 | 112 | 0.9x |
| South Kensington, MD | 8,566 | 181 | 1.5x |
| Four Corners, MD | 8,131 | 148 | 1.2x |
